Ethical Leaders Put Values into Action; Employees Learn About Values

question 28

True/False

Ethical leaders put values into action; employees learn about values that are important to the organization by watching leaders.

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Definitions:

Increasing Opportunity Cost

A scenario where choosing more of one option increasingly limits the ability to choose other options, demonstrating the trade-offs in resource allocation.

Straight Line

A direct path between two points in a plane or three-dimensional space, having no curvature.

Opportunity Costs

The expense of the best alternative given up to make a choice.

Factors Of Production

The resources used to produce goods and services. Labor and capital are examples of factors.